KEY 0.00% 0.1¢ key petroleum limited

share price drop, page-29

  1. 17,111 Posts.
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    Vwap must be close to 9.5c now albeit on pathetic volume, but nevertheless allowing those seeking a placement to acquire shares at 7.6c if KEY is desperate enough.

    I do hope KEY doesn't sell out long suffering shareholders at all time lows. I can only wonder what the SP would have been today if they had not hatched that harebrained scheme. In the mid teens most likely. You can see the exodus on the chart since that dilution plan was announced.

    I guess the offscreen bidders must be getting pretty impatient with the lack of dumping on this despite the 500k cap stack above the market.

    If the company fails to place shares before the 26th, and the bidder cannot pick up at least 500k shares around 9c on market before then, I expect the 10x50 sell orders will quickly be pulled if threatened.
 
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